Wal-Mart announces departure of @WalmartLabs co-heads

By Katherine Field Boccaccio

BENTONVILLE, Ark. — Wal-Mart Stores said in an emailed statement that the co-heads of its technology unit, @WalmartLabs, are leaving the company.

Venky Harinarayan and Anand Rajaraman, who ran the 200-person unit in San Bruno, Calif., are taking some time off from the industry, according to the statement. The pair took the helm of @WalmartLabs when the retailer bought their company Kosmix last year.